Romania’s natural gas extraction could lower dependency on Russia

  • Elisabeth Gheorghe
  • 2.3.2017 17:30

Black Sea Oil & Gas SRL (BSOG) will unveil its Romanian Black Sea natural gas production in mid-2018. Niculae Havrilet, chairman of Romania’s National Energy Regulatory Authority (ANRE), confirmed on 14 February that Romania will assume exports of natural gas in 2018. Romanian gas could reduce Europe's reliance on Russian gas imports.

In 2018, an estimated 1bn cubic metres will be extracted. Starting 2019, production is planned to rise to 4bn cubic metres per annum. Havrilet said the production for 2017 is set to negate natural gas imports, whilst securing conditions for gas exports in a bid to recuperate its investment costs. BSOG intends to export Romanian gas across the EU. Kindling disapproval from Russia and Ukraine, due to lost earnings, controversies have reemerged of European attempts to wean itself off its reliance on Russian gas. Gas-reliant Central European countries remain apprehensive vis-à-vis Russian energy, particularly due to Gazprom’s Nord Stream 2. Romanian gas could act as a substitute.

About author: Elisabeth Gheorghe


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